FTAI Aviation Ltd. (NYSE:FTAI) Shares Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp lifted its holdings in FTAI Aviation Ltd. (NYSE:FTAI - Free Report) by 46.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,167 shares of the financial services provider's stock after purchasing an additional 3,228 shares during the quarter. Mackenzie Financial Corp's holdings in FTAI Aviation were worth $1,464,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Virtus Fund Advisers LLC purchased a new position in shares of FTAI Aviation in the fourth quarter valued at about $26,000. Transce3nd LLC purchased a new position in FTAI Aviation in the 4th quarter worth approximately $29,000. Kapitalo Investimentos Ltda bought a new position in FTAI Aviation in the 4th quarter worth approximately $30,000. Private Trust Co. NA grew its holdings in FTAI Aviation by 221.1% during the 4th quarter. Private Trust Co. NA now owns 244 shares of the financial services provider's stock valued at $35,000 after buying an additional 168 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of FTAI Aviation during the fourth quarter valued at approximately $36,000. 88.96% of the stock is owned by institutional investors.

FTAI Aviation Trading Down 0.4%

FTAI stock traded down $0.53 during midday trading on Wednesday, reaching $122.82. The stock had a trading volume of 663,745 shares, compared to its average volume of 1,777,353. The company's fifty day simple moving average is $106.66 and its 200 day simple moving average is $121.62. The company has a market cap of $12.60 billion, a price-to-earnings ratio of -1,228.08 and a beta of 1.64. FTAI Aviation Ltd. has a 52-week low of $75.06 and a 52-week high of $181.64.

FTAI Aviation (NYSE:FTAI - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.87 EPS for the quarter, missing analysts' consensus estimates of $0.95 by ($0.08). FTAI Aviation had a net margin of 1.59% and a return on equity of 206.25%. The company's quarterly revenue was up 53.7% on a year-over-year basis. During the same quarter last year, the company posted $0.31 earnings per share. Sell-side analysts predict that FTAI Aviation Ltd. will post 2.2 EPS for the current year.

FTAI Aviation Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 16th were given a $0.30 dividend. The ex-dividend date was Friday, May 16th. This represents a $1.20 dividend on an annualized basis and a yield of 0.98%. FTAI Aviation's dividend payout ratio is currently 571.43%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Morgan Stanley decreased their price target on shares of FTAI Aviation from $168.00 to $138.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Citizens Jmp raised FTAI Aviation to a "strong-buy" rating in a research note on Thursday, May 8th. Barclays lowered their price objective on FTAI Aviation from $180.00 to $150.00 and set an "overweight" rating for the company in a research note on Thursday, May 1st. Royal Bank of Canada reduced their target price on shares of FTAI Aviation from $140.00 to $130.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Finally, Stifel Nicolaus upgraded FTAI Aviation from a "hold" rating to a "buy" rating and set a $123.00 price target on the stock in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, twelve have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $171.83.

Insider Activity

In other news, CEO Joseph P. Jr. Adams bought 3,000 shares of the stock in a transaction dated Friday, May 2nd. The shares were acquired at an average price of $94.54 per share, with a total value of $283,620.00. Following the completion of the acquisition, the chief executive officer now directly owns 341,852 shares in the company, valued at approximately $32,318,688.08. The trade was a 0.89% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO David Moreno acquired 6,580 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The shares were acquired at an average cost of $94.85 per share, for a total transaction of $624,113.00. Following the acquisition, the chief operating officer now directly owns 231,623 shares of the company's stock, valued at $21,969,441.55. This trade represents a 2.92% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 10,667 shares of company stock valued at $1,008,715 in the last quarter. Insiders own 1.30% of the company's stock.

About FTAI Aviation

FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers.